This property looks like a bad Mid-Term investment with a projected -7.94% first-year return on $168k initial cash invested.
-7.94%
Cash On Cash
4.87%
Cap Rate
0.76
DSCR
$5,024
Rent
-$1,114
Cashflow
Cash Flow
$5,024 income − $6,138 expenses = $1,114 out of pocket
Investment Breakdown
|
Purchase Price
$716k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,163
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,024
Total Expenses
$6,138
Mortgage P&I
76%
$3,822
Property Taxes
7%
$345
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553